6-Units | Berkeley

Berkeley is one of the East Bay’s most established rental markets, supported by its proximity to San Francisco, Oakland, and major employment centers throughout the Bay Area. The city offers convenient access through three BART stations, AC Transit service, and nearby regional freeways, making it attractive to students, professionals, and long-term residents seeking a well-connected urban community. Home to the University of California, Berkeley, the city benefits from a consistent and diverse renter base. Demand for apartment housing is reinforced by the university, nearby research institutions, local businesses, healthcare providers, and the broader Bay Area economy. Berkeley’s limited land supply and predominantly built-out neighborhoods create high barriers to new development, helping well-located multifamily properties maintain long-term relevance. Berkeley’s distinctive neighborhoods, walkable commercial districts, and strong cultural identity further enhance its investment appeal. Areas such as Downtown Berkeley, North Berkeley, Elmwood, and the lively corridors along Shattuck and University avenues offer convenient access to dining, shopping, entertainment, and everyday services. For apartment investors, Berkeley presents an opportunity to acquire multifamily assets in a supply-constrained market with durable rental demand and long-term appreciation potential. Scores Walk Score - 90 Transit Score - 69 Bike Score - 94Kite Hill Real Estate presents 2427 McKinley Ave, a well-maintained 6-unit mid-century apartment building located in one of Berkeley's most desirable rental markets. Situated just 6–7 blocks from UC Berkeley and only a few blocks from Downtown Berkeley BART, the property offers exceptional access to campus, public transit, restaurants, cafés, grocery stores, and the vibrant Downtown Berkeley commercial district. The property features an attractive unit mix of (4) 1-bedroom/1-bath units and (2) studio units, appealing to Berkeley's consistently strong demand from students, faculty, and young professionals. The property is 100% occupied and generates over $140,000 in annual gross income, providing stable in-place cash flow. Additional amenities include 1:1 covered garage parking, on-site coin-operated laundry, and 4 of the 6 units have been renovated, enhancing tenant appeal while reducing future capital needs. Ownership has completed several major improvements, including the mandatory soft-story seismic retrofit and sewer lateral compliance, allowing investors to acquire a well-maintained asset with significant infrastructure work already completed. Built in 1962, 2427 McKinley Avenue offers a rare combination of a premier Berkeley location, strong current income, and long-term investment potential.